16 May 2008
A company regularily purchase stationery items like CDs, toner cartridge etc. from a single shop. Whether the company is liable to deduct TDS on the above???
16 May 2008
WHERE IT IS A PURCHASE OF GOODS /MERCHANDISE, VAT IS ATTRACTED . BUT THERE IS NO TDS APPLICABILITY. CONTRACTS WHICH ARE IN THE NATURE OF A SERVICE FALLING UNDER THE PURVIEW OF SEC 192 TO 196 OF INCOME TAX ACT ATTRACT TDS. R.V.RAO
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